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-american president standing on those same steps he did in 1963. here is president obama commemorating dr. king's dream and his lasting legacy this afternoon. >> on a hot summer day they assembled here in our nation's capital under the shadow of the great emancipator. everyone that realizes what those glorious patriots knew on that day that change does not come from washington but to washington. that change has always been built on our willingness, we, the people, to take on the mantle of citizenship, you are marching. that's the lesson of our past. that's the promise of tomorrow. >> okay, bob, you were particularly moved by this speech as you were by dr. king's speech so many years, 50 years ago. >> yeah. i think if dr. king had been alive today, listened to these tributes, i think he would have been -- first of all, he would have been amazed there was a black president, but i think obama did exactly the right thing. i think he talked about change coming from the grass roots into washington, not the other way around. i know there's been a lot of controversy about washington dictating from here
as we are a day closer to a potential show down with syria. a few hours ago, president obama sat down for an interview with pbs news hour and said he has not made a decision on syria. let's watch. >> again, i have not made a decision. i think it is important that if, in fact, we make a choice to have repercussions for the use of chemical weapons then the assad regime which is involved in a civil uh war, trying to protect itself, will have received a pretty strong signal that, in fact, it better not do it again. and that doesn't solve all the problems inside of syria. you know, it obviously doesn't end the death of innocent sieve yan -- civilians inside syria. we hope political transition can take place. we are prepared to work with anybody -- the russians and others -- to try to bring the parties together to resolve the conflict. but we want the assad regime to understand that by using chemical weapons on a large scale against their own people, against women, against infants, against children, that you are not only breaking international norms and standards of decency, but you are cre
't believe in what he is leading. >> i have no problem with president obama, if he likes to wear the helmet, ride the bike in martha's vineyard, that's fine. he evacuated 22 embassies friday, spent the weekend playing, his own words, i golfed, played basketball, took pictures with friends in the oval office, blew out candles. >> how about issue a statement or have a press conference, act like you're responsible, that you're not auditioning to play commander in chief in hollywood but you want the job and are serious about terror. this is nothing new to me. this is a president that doesn't have the stomach for terror. if the reports are correct, it was clinton and panetta told him to put the thing on bin laden. i don't think it is a priority. i think he should move the white house to california capital hollywood. >> i think that's disrespectful to the family and soldiers serving overseas, to families of people protecting the embassies closed down. for the president not to be in the oval office and making national security a priority, but instead he is more concerned about his own birthday par
clown. who wore a president obama mask at the missouri state fair. congressman steve king tweeted, "mr. president, invite the rodeo clown to the white house for a beer summit. take the temperature down. have a laugh, relax. it's not about race." it's not about race. the fair goer who shot this video said other clowns played with the lips on the obama mask, and that the whole thing felt like a clan rally. this is ugly and tone deaf, but increasingly, the republican party is refusing to listen to anyone except its own carnival barkers. today republicans voted to boycott nbc and cnn as debate sponsors if the networks don't scrap their hillary clinton films. >> we're done putting up with this nonsense. there are plenty of other news outlets. we'll still reach voters, maybe more voters. but cnn and nbc anchors will just have to watch on their competitors' networks. >> now whether you like the idea of a hillary movie or not, it does seem strange that the gop's big idea to reach more viewers is to shut out two national networks from debates, while reportedly trying to get the gop ringmaster h
, bob and andrea go head-to-head over an obama care poll that will leave you absolutely stunned. wait until you hear what 92% of federal government employees had to say about the president's health care overhaul. by the way, they don't want it. >>> and later, it's come to this. the naacp is actually calling for the secret service and the obama justice department to investigate this rodeo clown. is that how you want your tax dollars spent? we have a heated "hannity" debate. it's still ahead. you get to select today's video of the day. option number one is the second and third installments of the rnc's viral video assault on hillary clinton. >> the investment firm seeking those investor visas is run by mrs. clinton's brother anthony rodham. >> you know, i bet 've be in th arena for a long time. i have a lot of baggage. llion t are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is go
been killed within the last 24 hours. president obama made a statement on the deteriorating situation from martha's vineyard earlier today. >> the united states strongly condemns the steps that have been taken by egypt's interim government and security forces. our traditional cooperation cannot continue as usual when civilians are being killed in the streets and rights are being rolled back. as a result, this morning, we notified the egyptian government that we are canceling our biannual joint military exercise which was scheduled for next month. i want to be clear that america wants to be a partner in the egyptian people's pursuit of a better future, but our partnership must also advance the principles that we believe in. >> bob, that was president obama earlier today. you worked at the state department. dealt with a lot of different crises over your time there and have watched many. is the president just caught between a rock and a hard place here and did he put himself in this position? >> i don't think he put himself in a position. it is a rock and hard place. interesting thing he
with russia. president obama calls off a meeting with president putin. and you have 15 years, oprah winfrey returns. the butler, racism in america, and the success of her own cable network. i'm wolf blitzer, you're in "the situation room." >>> president obama formally canceled the meeting next month with president putin. why? because of russia's offer of asylum to edward snowden. that is just the tip of an icebe iceberg. let's go live to our chief white house correspondent jessia yellin. she has all the latest for us. >> wolf, for a while the u.s. tried to reset relations for russia. if the administration had big hopes to reduce nuclear stockpiles or agree on how to press iran and syria for civility in the middle east. thanks to the breakdown in relations over edward snowden, now the goals are even further out of reach. also also set no thanks to russian president putin's one on one summit in moscow, putting a new frost in an already chili relationship. behind the latest cold front? edward snowden. >> even though we don't have a extradition treaty with them, traditionally we have tried to r
obama in the rose garden making his case for a limited u.s. military action in syria. we're going to go through the president's speech piece by piece, analyzing his words, what he said and why. let's bring in our panel, u.s. air force lieutenant general michael short joins us now from washington. cnn intelligence and security analyst bob bear is in colorado, and dana bash who has been doing fantastic reporting is live for us in washington. bit oba president obama started about the nature of the chemical attack in syria. listen to what he sglad taid. >> ten days ago the world watched in horror as men, women, and children were massacred in syria in the worst chemical weapons attack of the 21st century. yesterday the united states presented a powerful case that the syrian government was responsible for this attack on its own people. our intelligence shows the assad regime and its force preparing to use chemical weapons, launching rockets in the highly populated suburbs of damascus, and acknowledging that a chemical weapons attack took place. all of this corroborates what the world can plai
obama's flip-floping? this president is knew eve and clearly is learning on the job? what would president reagan do or president bush? i don't think we should be going into syria more than miley cyrus changing positions on the vmas him we need more proof before we kill more people. what say you? >> i say the evidence is pretty clear, one, two. i think that may have been one of the most biassed openings you have ever done. three he has consulted with congress. he has to get the allies on board. the french are going to do it unilaterally. they won't try to take it to their elected officials. i think we got more power to do it. it gives the president enough flexibility to do it. flip-flop, he said it every time he said it. it's a red line, when they do something, we'll do something. >> you have to go to congress. >> he has been doing that. >> it's their war. >> he has been doing it? >> he has been consulting to congress, yeah. >> you have to go to congress to get a declaration. >> absolutely. >> or if the country poses imminent threat. what's the imminent threat? >> reagan didn't g
. it is a folly built on a fantasy that doing this is going to get the approval of the senate and barack obama. it is never going to happen. so you are going to shut down the government for no reason. yesterday mitt romney weighed in on it. >> the former presidential candidate told a group of donors that the plan led by conservatives would hurt national security. that doesn't make it easy for some republican lawmakers like north carolina congressman. >> this is what the tea party wants to know. will you vote with mike lee to defund obama care? yes or no? i want yes or no. no. >> we need to show the american people we stand for conservative values. >> this guy has probably voted to get rid of obama care 20 times. i mean, they take the vote every week. >> 40 times. >> they voted 40 times. so you now have this happening all over america. i said it the other day. i know there are stupid people on the internet and they have to do something. >> they don't like your pants. >> they are wandering the streets, going to get hit by cars or in mama's basement. rather than be in mama's basement writing stup
obama says he's not going to negotiate on this. he wants a clean bill, raise the debt ceiling, no other issues on the table, no strings attached. just let me borrow more by october so i can pay the bills. that's the statement from president obama no negotiations. that's not going down very well on wall street. they look at this and say here we go again and the dow jones average will open about 120 points down in part because of that no negotiation position from the president. martha: we know from history republicans will come back and say they want to see spending cuts to pass this through. why do you think the president is so intractable on this issue? >> it's possible he thinks if there is a government shutdown over the debt ceiling issue then the president wins politically and the republicans as they have in the past lose politically so he's saying go ahead, shut it down. the market is concerned about the syrian situation and again about another debt crisis 50 days away. martha: there are oil concerns percolating in the market and we'll talk about those a couple minutes away. and a v
of the civil rights movement. president obama will likely note racial progress made in the last 50 years. some people aren't satisfied with the current civil rights leaders in america. here is liberal journalist margaret carlson. >> we've gone from martin luther king to the reverend al sharpton. as a leader as he is trying to be this weekend, it is very d disspiriting. >> probably time for everyone to take crop of where civil rights stands. i asked juan this question as well. do you think he represents the african-american community well, al, that constantly backs the wrong horse? do you think he does them a disservice? >> no, i don't think he represents well. the idea of comparing any black leader with martin luther king is nearly impossible. this was in my view, this is the greatest american maybe since abraham lincoln. i just don't think you can take al sharpton and martin luther king in the same sentence. i know people are dissatisfied. the black community is diffuse whatever it is in the country, usually in pulpits. are blacks better off? some ways they are, some they're not. >> some, gre
. don't we love him for it? thank you so much. no pow wow with putin. president obama has yet to sit down with the president while attending the g20 summit in the country. a california city testing a fix for underwater mortgages, imminent domain. you can't make it up. it's a battle royale with the banks landing in court. medical information exposed. the rush to implement obamacare put sensitive records at risk. see it to believe it. the manning brothers rapping their way through a new commercial for direct tv. literally rapping. ridiculous. we'll show it to you anyway. all that and so much more this hour on "markets now." ♪ >> stocks down, worrying about a pull back from the federal reserve. is this what the month will be like? adam, answer me that. >> there's been a lot of people who have been talking about a four to 8% pull back, a correction. who is winning and losing? the s&p down ten points, dow down 70 points, but leading the charge on the dow, at least some to the positive. united technologies, chevron, merck, they are up now, but the big losers on the dow this morning, disn
cancelinging president obama's planned bilateral talks with his russian counterpart. president obama and vladimir putin were expected to sit down and discuss, among other things, syria's ongoing civil war. the kremlin said it is disappointed by the cancellation. the decision reportedly unanimous by the president's national security team. the icy standoff rekindles a debate between mitt romney and president obama during the 2012 campaign. >> this is to russia that this is, without question, our number one geopolitical foe. they fight every cause for the world's worst actors. the idea that he has more flexibility in mind for russia is very, very troubling, indeed. >> governor romney, i'm glad that you recognize that al qaeda is a threat because a few months ago when you were asked what's the biggest geopolitical threat facing america, you said russia. not al qaeda. in the 1980s are now calling to ask for their foreign policy back because the cold war has been over for 20 years. >> white house -- >> boy, that's a cute line. it's just so dead wrong. it's not even funny. and every single
this morning to see what the latest is on the case. >>> for the first time president obama addressed the decision to shut down embassies and diplomatic poes in the middle east and africa. the interview happened on "the tonight show with jay leno." the president also covered edward snow it is den and his relationship with john mccain and hillary clinton. a nice change of pace. what didn't they cover in the interview? >> everything. i think that's part of the reason why president obama really likes the late night talk shows. he does a lot of these. h he's the first sitting president to get in there with late night talk shows. this was his sixth appearance on leno's program. he talked about everything from the economy, health care re form, what's going on in the middle east and the nsa. ♪ >> reporter: in his first remarks on the al qaeda terror threat president obama insisting the u.s. is not overreacting in closing 19 embassies through tend of the week. >> how significant is this threat? >> well, b it's significant enough that we are taking every precaution. >> reporter: the presiden
secretary of defense kitty mcfarlane joining us to talk about what president obama should do about it now. ashley: home prices omri's the the kissel report is a look in the rear view mirror. what does it mean in the keys of rising interest rates? lori: the above administration's economic team, charlie gasparino's exclusive reporting and who could be next to join the lineup. dennis: is not your father's would remark and was your father's it senior chinese communnst official or russian oligarchic. a new brand of luxury emerge in as global wealth disperses to less than 1%. cheryl: sandra smith is at the cme has oil jumps 3%. let's begin with lauren simonetti at the stock exchange where the dow is down big. lori: near session lows, 3 points away, the stock is intensifying as we get later into this session. we get economic data, it wasn't terrible on home prices and consumer confidence but nonetheless syria being the main headline this is what investors are focused on. is not the only culprit to the. we can't forget the debt ceiling, the fed pays back, all these are painting a picture is that
obama making the case for a possible military strike. he says there's clear proof the regime was behind the use of deadly chemical weapons. . the president has not made a final decision on military options but appears to be moving closer to using force. >> in no event are we considering any military action that would involve boots on the ground, that would involve a long-term campaign. but we are looking at the possibility of a limited, narrow act that would help make sure that not only syria, but others around the world understand that the international community cares about maintaining this chemical weapons ban. >> we'll have the very latest developments this hour, including graphic video of a purported new chemical attack. is the president doing the right thing if he goes it alone? what will it mean for america if he does? i'll talk to hans blix, the former chief united nations weapons inspector. >>> plus, the nfl's land mark concussion settlement. what it means for the sport and the safety of the players. i'll talk exclusively to jim mcmahon who is suffering from dementia. he has a
obama talking about what is probably your biggest investment today, your house. what he's saying and the changes that could be in the works for the housing market. he talked a little bit about it yesterday in a big speech in phoenix. today answering questions about housing, and a brand new list. we love lists, goldman sachs sending out a note of what it calls the 40 cheapest stocks in the market. can they make you money? well, we're going to give you the list throughout our show today. first though, down to sue, nyse. hi, sue. >> hi, ty. right now the markets are falling a little bit, not all that much, but it's the third straight day to the downside. right now the dow jones industrial average is down 47 points. the s&p 500 is off about 6.25, and the nasdaq off 16 and the russell 2000 off 7.5. in terms of interest rates, we actually moved down a little bit on the interest rate earlier this morning, and we're at 2.61%. comex gold is snapping its losing streak, up about two bucks on the trading session and brent crude is down half a percent. kenny polcari a cbs analyst joins me as
there is breaking news in the show down with syria. president obama making a case for a military strike possibly. he says there is clear proof the regime was behind the use of deadly chemical weapons. the president also says he has not yet made a final decision on his military options, but he certainly appears to be moving closer and closer to using force. >> in no event are we considering any kind of military action that would involve boots on the ground, that would involve a long-term campaign, but we are looking at the possibility of a limited, narrow act that would help make sure that not only syria but others around the world understand that the international community cares about maintaining this chemical weapons ban. >> we'll have the very latest developments this hour including graphic video of a new chemical attack. and is the president doing the right thing if he goes at it alone? will it mean for america if he does? i'll talk to the former chief of the united nations weapons inspector. >>> plus, the nfl's landmark concussion settlement. what it means for the sport and safety of players. i
obama is saying we're doing a shot across the bow. for them we're going home. three days we don't want an iraq war. it has none of the effect of a shot across the bow. it is simply a way to assuage the conscience of a president and a lot of people in the west without achieving anything. >> one more challenge. the syrian government requested u.n. inspector teams stay on the ground to investigate the scenario that rebel groups have been using chemical weapons. that could lead to yet another delay. back to you. >>gretchen: syria is the main topic of discussion today and whether or not the president is going to actually make a decision today or not. this is really a serious matter. i think it is interesting to watch how this unfolds with sort of this deliberating with the president. we've known him over the last five and a half years to take time to make decisions, but do you need to be a little bit more definitive when making such an important decision as this. could it have to do with what britain is doing? david cameron called parliament back so they could discuss it there and parliamen
, and the obama administration saying it is ready to act in syria if needed. secretary jack lew on squawk saying moments ago the president will not negotiate over the debt ceiling. >>> good news for tiffany, and luxury, in that it was boosted by sales in china. >>> and the end of the era, bill ackman is bailing on jcpenney, and they are looki in ing to ses shares. >> and we will look at the new home sales to be released. >>> treasury secretary jack lew telling our own john harwood that the president will not e negotiate over the debt limit which could be reached in mid-octob mid-october. take a listen. >> we won't be negotiating over the debt ceiling and congress has authorized funding and committed to expenditures and now the question is do we pay the bills that the united states has incurred. it is the only way for that to do is for congress the act and act quickly. what we need in the economy is certainlity, and we don't need a self-inflicted wound or crisis at the last minute. congress should come back, and they should act. >> jim, they say when it rains, it pours and government is part of t
the u.s. would have to go it alone at this point if president obama wants to take action. the threat of that right now seems to be lessening a little bit. plus, of course, it is a friday before a holiday weekend so things are going to typically be quiet here. traders say before everybody gets back next week and the news flow really starts again. now, what's interesting though is we are seeing a little bit of a shift. the positive data out of the united states. that gdp number is keeping the dollar near a four-week high against the major currencies. of course, we are watching gold prices while we are under 1400, that critical level still hasn't been a bad month for gold. the second b consecutive month that we are going to see a gain for it. kelly, back to you. >> all right, jackie. thanks very much for that. >>> straight ahead, big lots seeing some big gains this week and spiking after reporting earnings are the big box retailers the best way to play retail? we'll talk about that. >>> plus, the government says it will not stop people in colorado and washington from smoking pot. we'll
obama getting back to business. meeting with financial regulators about implementing dodd-frank peter barnes has the very latest. peter: that is just one of the latest things he has on his plate. very busy with things like egypt and syria. the president would like to keep the focus on jobs and the economy. foreign-policy issues may not let him do that. he goes on a two were later this week. congress is out on its regular august recess. he has a megaphone right now and he needs to use it while he can. >> every president in their second term, lame ducks get closer every day. the president is walking a fine line of where he is in that timeline. peter: the end of the fiscal year is september 30. they have not worked out a deal to fund the government. they are looking at a continuing resolution of some kind that will buy more time. the debt ceiling is likely to be hit around october and november. have been reporting on this. he is looking at larry summers, his former economic advisor, as well as janet yellen. lori: funny you mention that. thank you, sir. charlie gasparino will join us to t
by obama just a couple days after the jackson hole meeting here. but there is uncertainty over fed policy. there's a certainty over leadership and economic growth. all those things loom large here. and will be spending the next couple of days trying to figure out if we can get some guidance over where the fed is going here. the absence of a definitive statement by the fed chairman will have to mean another time to happen, simon. >> this is of their own making. the problem with nailing your colors to the mass with forward guidance is it doesn't work if you don't know where you're going to guide people to. if you're split or indecisive. that surely, steve, is what is happening here. they raise the question of tapering. you get the interest rates rising. you feel the pain around the world. but when you actually get to tapering you're not sure if the growth is going to be strong enough because you're not really sure if the fed has the courage of conviction at all. the market will find it very difficult to rally on it. >> you know, i like that analysis, simon, because you're right. you hitch y
of some u.s. embassies amid what the obama administration calls serious and credible threats by al qaeda. diplomatic facilities will remain closed in many of the countries you see right there throughout the middle east and africa until at least august 10th. >>> the global travel alert coming at the same time as a global travel conference is taking place in san diego. jane wells is there live. jane, how is the global industry taking all this in? >> well, they are sort of processing it today, this is the global business travel association meeting, 400 companies and 7,000 people, all of whom are getting used to traveling in a more dangerous world. >> business travelers have become much more accustomed to it, and in a global economy you know that you do have a higher risk profile than maybe in years past, but it's a fact of life, and we all deal with it. >> so he says companies are detailing products which help you track and redirect traveling employees to safety concur which manages travel bookings and expenses for companies and report a 23% revenue growth last week. it's introducing a new
election. yeah, the vice president, biden, the president obama out there talking about how, you know, we're welcome there. we got him on the run, you know, close to victory. just stop it. there's no need for any u.s. leader to talk about that because it's not going to happen. this is not a zero-sum game or al-qaeda we're concerned about, but radical is line up, jihadists, however you refer to it, it's not going away. it's no good to stand there and crow about it. dagen: good to see you, safe travels, good to see you, be well. >> thank you. dagen: paying a quarter million dollars for the washington post, and that's just walking around money for a billionaire like bezos worth $26 billion or so, but it's good news for the stock. what about the future of the company? dennis is here to tell you. hey, dennis. the post stock up 6% right now, up 4.5% or so when i checked minutes ago, and think how sad that is. the washington post talk is popping because of getting rid of the name sake newspaper. watergate, one the newspapers owned for 80 years, so is bezos buying for the bottom line or financial
clinton. senator elizabeth warren and president obama round out the top four. governor christie's position dips when only republicans are polled, drops to eighth behind the list of candidates behind the party's presidential nomination in 2016. first thing is first, what on earth is a temperature meter or whatever we're calling this? >> yes. so they call this the feeling thermometer. we're into feelings and we ask you how do you feel about these politicians. so 0 is stone cold. 100 is burning up. and we saw there the president coming in fourth. the most surprising number in that poll, you mentioned senator elizabeth warren, now the senior senator from massachusetts, coming in at number 3. the other thing that really struck us, how far christie fell when you ask just republicans, interestingly enough number one, when you ask just republicans, paul ryan, mitt romney's running mate and then rand paul, ted cruz, jeb bush, scott walker of wisconsin, all coming in before christie. that points to the governor's real challenge. he has this amazing national popularity and following, on the cover of
'm gretchen carlson. thanks for spending part of it with us today. president obama giving president putin the cold shoulder to get back at him for harboring n.s.a. leaker edward snowden. is that the right call or wrong one? >>steve: a 13-year-old white boy brutally beaten by african-american teens. why are civil rights leaders like al sharpton and jesse jackson silent? we'll report, you decide. >> we have a winner. three winners actually. are you one of them. we'll tell you where the winning powerball tickets were sold which is on "fox & friends," and we begin right now. ♪ ♪ >>gretchen: i'm surprised you're at work today, steve. two tickets in jersey. you have to be one of them. >>steve: when i got up this morning and heard the news there were two in new jersey, i immediately pulled it out. ladies and gentlemen, i hold in my hand a losing ticket. there are also a whole bunch of million-dollar winners and some people won hundreds of dollars. so i'm going to be watching in a second because heather has the numbers and i could actually be a winner, a small winner, but a winner. >>gretchen
on now to major news, president obama making a statement moment ace go on egypt. he said the u.s. will cancel joint military exercises with egypt. to help us understand this, john harwood joins us live now from washington with more. john? >> kelly, it was a minimalist response by the president. you had some people including former advisers of his own saying that the united states should suspend or cut off military aid to the egyptian government. the president did not do that. he said that they were going to cancel those bright star military exercises scheduled for next month and continue to consult with his national security team on other steps. what he was trying to do was signal united states concern but not do anything to significantly weaken the relationship between the united states and the egyptian military. there will be more pressure if the violence continues. for now, this is all the president is doing. >> it's a dangerous position, though, john, that they find themselves in. on the one hand condemning the violence but on the other refusing to support the regime. i it'
, and that is what some would like. how do you feel about that? are you in support of obama's request to congress to move the national minimum wage or the federal minimum wage from $7.25 to $9? >> well, the most important thing we can do right now is to create all jobs and that helphe everybody. we want to create jobs and we have been in that since the recession starting to recover and we are partnering with wa walmart, and dozens of ceos and governors and so creating jobs is critical, but the question is what is the right way to do it? is the right way to do it by choosing between hiring fewer people at higher wages or greater number of peoples at competitive wages that the marketplace will support, and that is really the conversation that we need to have. what's in the best interest of the local communities and workers and we take the view that it is better to be encouraging business growth and development by reducing and eliminating the regulations, and not layering the regulation on the employers and create jobs in all sectors the get the economy move f moving forward again. >> so do you supp
, and how do you prevent that from an open-ended involvement in a war that clearly president obama and the united states military does not want to get involved with in a deep way. >> the public apparently has no appetite for any other conflict? russia immediately said, you know, don't -- you people don't need another adventure in the middle east like iraq and iran. obviously saying the same thing. it's really tough. it's really tough for the president to try to walk. >> reporter: it's more than tough. and you saw assad in an interview with a russian newspaper yesterday saying -- warning the united states that you get involved again, there's going to be a failure like all your interventions in the past. clearly the lessons of long and protracted wars have weighed heavily on the president. this is a president, after all, who got into politics, opposing the iraq war. says he doesn't oppose all war, but he opposes dumb wars, and it's pretty clear from his language and body language and the entire stance of the united states over the last several months that he believes it would be dumb
with samsung. the obama administration vetoing a ban on apple products. share of samsung are falling in asia. >> tv blackout, battle between time warner cable and cbs show nothing signs of letting up. >>> the terror threat overseas. many u.s. embassies stay closed now until august 10th. a live report from nbc's pete williams. >>> first up, if you didn't see it, u.s. equity funds saw a record inflow in july. according to trim tabs funds saw $40.3 billion coming in last month while bond funds saw the fourth highest outflow on record. david seeburg at cowan. good monday morning to you. >> good morning. >> david, is this the beginning of something new? >> it seems to be. i mean, $40 billion in july, amazing. still a ton of cash on the sidelines. there's about $9.5 trillion in xhrgs bank deposit and money mark accounts, companies obviously corporate balance sheets reflecting cash. m&a starting to pick up it's the beginning of a rotation that we expect to take equities higher. >> peter, how do you read things here. >> s&p gone from 666 to 1700 without the retail investor. retail money's coming in,
-house computer. >> interrupt your job again. >>> it's been three years since president obama signed the dodd-frank financial reform bill into law. the president hat gotten back from his vacation and immediately met with regulators today to push to speed things up. john harwood at the white house with the details. john, what can you tell us? >> reporter: maria, the meeting just broke up, it lasted over an hour. i spoke with mary jo white, gary gensler, as they walked down the white house driveway out of the complex. their description matched what the administration had said going in. it was a pep rally by the president to encourage regulators to finish the work. fewer than half of all of the regulations have been drafted. mary jo white said top priority is the volcker rule. this is just one of the elements on the president's economic agenda this week. he's also going to be giving speeches in upstate new york later in the week to push his vision of a middle-out economic growth agenda. and the president also, of course, is going to be working on the selection of the next fed chairman. ben berna
obama's tax hikes on the rich will hurt the middle class and the poor by killing jobs. it was a controversy -- controversial op ed, and now rodgers is here to explain it in person. that's coming up on the "closing bell." stay tuned. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. so you want to drive more safely? of smart. stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a b
have a double whammy for home building stocks. last week president obama came out gave a speech on fannie and freddie arguing they ought to be wound down and replaced by another agency. you saw what happened on that, david, home building stocks went through the floor last week tuesday and wednesday. so now we have a double whammy, the concern about higher rates and concerns about less government support overall. that's a real problem. and the itb, the main etf for the home building industry hit a new low for the year, but it wasn't on the rates, it was on concern about fannie and freddie and the lack of support there for the mortgage market. guys, back to you. >> thanks very much, bob. that's still to come. fannie and freddie. that will be a long -- >> begin today just a football security. don't know what's going to happen. >> even the preferreds are a real risk. time for a little bit of a faber report following up on a story here. our viewers have been covering mergers and acquisitions for a long time. but rare indeed when you see a consent solicitation of the shareholders for
" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has th
time. part-time jobs go along with the obama health care thing. liz is all over this with lizzie mack's bottom line. >> looks like the same debate that spouses have at kitchen table on what is going on with health reform. you know what is strikeing? this is based on government data from the bureau the labor statistics. of 963,000 jobs created, this is based on household survey, a whopping of were part-time jobs, 737. that is driving down household median income. it is helping to undercut gross domestic product, the consumer 70% of the u.s. economy. what we're seeing also, is, companies, i have the memo from forever 21, they're blaming health reform. a growing number about companies we're tracking last two years are blaming health reform. forever 21 will drop associates and other employees to part-time status. other companies are basically dropping workers to part-time status. majority of those companies we showed are blaming health reform. the other thing too that is striking, new study out of san francisco federal reserve which is the turf of janet yellen, may be the next fed chief,
on saturday. big day. fox business was with first lady michelle obama as she came in to kick off the entire tournament, talking to kids, trying to push the let's move campaign, wanting kids to exercise, move, things like that, but she was addressing the stadium full of children and takes the opportunity to tell the kids, basically, get a job. >> if you want to be good at anything, you have to work at it. i know your parents tell you that all the time, but i want to everyone sis that. if you want to be good at anything, put the work in. you have to show up every day. cheryl: all right. that was the first lady talking about the importance of hard work and dedication. nobody knows that better than the next guest, tony, one of the champions, and i don't even cook, so i'm excited to be next to this man, "top chef" masters, you're at the u.s. open this year, and i got to say, they are upgrading the food. why get involved? >> well, that gives us a chance to do a wine bar, a real one. we wrote a cookbook calledded wine book food, and now it's wine bars, one on the south plaza right behind us and on
to stop president obama reform plan. they said they should remember the political backlash the republicans suffered in 1995 and '96 because of the government shutdown. he says he is committed to stopping obamacare. we will be watching retailer aeropostale today. they say it expects another loss for the current quarter. it issals increasing the number of stores that it plans to close. all right. let's get back to the nasdaq. andrew. >> hey, thanks, michelle. i am joined by bob greifeld ceo of nasdaq omx. the man of the moment. we hope we can try to figure out what happened here. obviously, a lot of frustration. i don't need to tell you how much frustration. just explain, if you could, what exactly happened? i think most of us don't understand. >> sure. what happens is that we have a data feed which consolidates the trading for 13 exchanges. we do that for the industry. had a problem. as soon as we saw that had a problem, we had a fundamental concern. we few professional traders had access to individual data feeds, be you the traditional long investor, retail investor didn't have the same in
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